Author: Ellen Grigsby

Ellen is CMN's recently joined crypto enthusiast with over two years of experience writing about blockchain and cryptocurrencies. Ellen's passion for Bitcoin and crypto's

FTX

Sam Bankman-Fried, the former CEO of FTX, has requested his release; however, the U.S. Second Circuit Court of Appeals has maintained the decision to refuse his request. This choice was made in response to an appeal by Sam Bankman-Fried’s (SBF) legal counsel, which was principally motivated by First Amendment issues. These arguments, however, did not persuade the court. It strengthens SBF’s ongoing incarceration as he deals with legal issues. A New York district court previously turned down his plea for temporary parole so that he may review crucial papers in advance of his October 3 trial. In a separate decision,…

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Startup Mesh, formerly Front Finance, has raised $22 million in a Series A fundraising round headed by Money Forward for its cryptocurrency transfer and payment service. The Heitner Group, Valon Capital, Florida Funders, Altair Capital, Network VC, Galaxy, Samsung Next, Streamlined Ventures, SNR.VC, Hike VC, and other angel investors are additional investors. Mesh intends to use the recently raised money to support the operations of its product launch as well as to further enhance its deposit, payment, and expenditure tools. Mesh has procured $32 million in investment to date. The business was established in 2020 by Bam Azizi and Adam…

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Some reports claim that Consensys is dropping Ganache and Truffle, two essential Ethereum frameworks, in favour of Metamask Snaps and SDK. Truffle and Ganache, which were crucial in the early development of Ethereum smart contracts, have received praise from several developers. The “sunset” of the two products was defined as the end of an era in the Consensys release from September 22. Numerous developers have published their experiences utilising these tools to create their first Ethereum smart contracts, including Foobar, an anonymous developer, and Georgios Konstantopoulos, CTO and partner at Paradigm. At the time of Consensys’s acquisition in 2020, 1.3…

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The Bank of Japan (BOJ) may lead to large changes in the global market flows, which might have an effect on cryptocurrencies, claims CoinDesk. The unknown policy direction of the BOJ, in the opinion of volatility trader Gryphon Ardern from the crypto asset management company Blofin, increases the likelihood that it would shock the market beyond expectations. In order to guide short-term interest rates at minus 0.1% and the yield on 10-year government bonds at about 0%, the BOJ has been using yield curve control (YCC) since 2016. With the addition of trillions of dollars in new global liquidity and…

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Ever since the introduction of the world to the concept of cryptocurrency, it has been a matter of fascination and interest. More and more nations are trying to incorporate crypto into their system. However, there are certain nations that want a ban on cryptocurrency. According to crypto news for today, India could be one of those countries. Well, not precisely the whole nation but rather an important entity in India wants to have a ban on cryptocurrency. The RBI or the Reserve Bank of India has been making different proposals for instituting a blanket ban on cryptocurrency for sure. Apparently,…

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The Start Small Initiative that was founded by Twitter co-founder Jack Dorsey has made an investment of over $55 million across different states of the USA as well as certain parts overseas in order to create a particular experiment that is on UBI or Universal Basic Income. According to the co-founder of Twitter and the SEO of Block, Jack Dorsey, the various implications of having a UBI or Universal Basic Income based and powered by Bitcoin will be one of the best strategies for sure. Dorsey had this discussion about the implications with elementary school teacher and US Congressional Candidate,…

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The United States of America has been an avid supporter of cryptocurrency for a very long time. A bill that was going to be introduced in the House of Representatives regarding the fate of cryptocurrency had the critics making certain assumptions about the fate of crypto exchanges. However, in the recent news, it has been stated that there is no need of worrying for sure. A provision that was previously included in the bill actually had the critics making certain statements that the Treasury Secretary wouldn’t have properly had certain limits on the surveillance of the different crypto firms that…

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Cryptocurrency is definitely a very lucrative world that is filled with endless opportunities and potential for growth. But despite having so much popularity, the world of cryptocurrency is pretty risky. Most people that make cryptocurrency investments without proper knowledge might just end up losing their money. If you don’t want to face a fate that is similar to this, you need to make sure that you have all the knowledge about cryptocurrency along with some expert advice. Tips That Can Be Of Help For Investing In Cryptocurrency  If you are making plans to invest in the world of cryptocurrency, it…

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A statement was released by the executive director Ian Taylor, a part of CryptoUK. The statement mentioned how the tax industry has been dealing with cases related to cryptocurrency and what scenarios are being created. According to the executive director, “HMRC treats crypto assets as property for tax purposes. However, this is inconsistent with the approach currently being adopted by Government and other regulatory bodies in the U.K. “. On Wednesday, her Majesty’s Revenue and Customs (HMRC), which is the tax agency for the U.K., has managed to release a particularly controversial set of guidelines that could potentially affect the…

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Bitcoin price fluctuations don’t come off as a surprise to anyone since this has been going on for a very long time. However, Bitcoin’s repeated visits to the sub-$37,000 range have reinforced the views of different analysts of Bitcoin that the cryptocurrency is properly set for further downside or a very lengthy consolidation process. The cryptocurrency market is certainly on the red line once again on the 2nd of February as all the global markets in the financial sector have been seeing a lot of increased volatility in the front of cryptocurrency. Some data provided from different crypto-trading shows that…

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Buying a mansion has never been this easy if you love crypto. But, this is exactly what Israeli-American musician Gene Simmons is saying. He had been a fan of the crypto world for a very long time. The musician has recently announced the upcoming sale of his $13.5 million mansions in Nevada. He accepts payments in cryptocurrencies such as LTC, BTC, and ETH. So, for those who are willing to buy the mansion and have a decent collection of crypto, there is a chance that they might be able to buy the house for sure. Gene Simmons is a rock…

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A Reddit post recently came up about a blockchain user losing about $500k in total after sending WETH directly to the smart contract address.The topic of discussion remains active amongst the participants who are trying to debate the blockchain user’s approachMeanwhile, there aren’t any signs about who the user was and what happened to the money that he lost. However, most would agree that the half-million dollars are as good as gone Cryptocurrency, with all its benefits and importance, is pretty risky. If you don’t have proper information about the technology, you could lose a lot of money in the…

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About 210,000 Russians visited the United Arab Emirates, which is 15% more than in 2020, and the demand for resident visas (residence permit ) – by 80%In connection with the latest considerations on the ban on cryptocurrencies in Russia, what should we be afraid of, what steps should be taken and what awaits cryptocurrencies in our country?Share your plans for 2022. In the conditions of an unstable global and Russian economy, stock markets, and, at the same time, the breakthrough development of the cryptocurrency segment, many investors and entrepreneurs cannot decide on the choice of investing. We talked about promising areas…

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Cryptocurrency is under attack from some powerful individuals who are seeking to push harmful bills through the US Senate, getting these bills passed into law and thereby bringing the entire industry to its knees.The latest effort involves proposed so-called America’s Rivalry ActThe proposed bill contains elements that would authorize the U.S. Secretary of the Treasury to stop or prohibit any transaction involving a domestic account, individual, or foreign institution whenever the Secretary deems there are “problems” with said transaction Cryptocurrency is under attack from some powerful individuals who are seeking to push harmful bills through the US Senate, getting these…

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Community members have criticized the initiative as a number of digital wallets are technically unable to meet KYC requirements.FinCEN plans to finalize the rule in AugustZenGo Wallet CEO Ouriel Ohayon reiterated that FinCEN’s requirements are unfeasible. In 2022, the United states Department of the Treasury will return to consider the controversial FinCEN proposal , which requires mandatory verification of users of non-custodial cryptocurrency wallets. This is stated in the semi-annual work plan of the structure. “FinCEN proposes changes to the rules implementing the Bank Secrecy Act (BSA) to require banks and money services to report, maintain records, and verify the…

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This week, the fate of cryptocurrencies was discussed in our country. This is such electronic money that is not tied to anything, is not backed by anything, it is not the state that issues it, but some kind of mathematical algorithm that is incomprehensible to the vast majority. In short, you can’t put it in your pocket, you can’t touch it with your hands, but still they cost a lot. The Central Bank proposed to ban cryptocurrencies in our country. The main argument is that all payments are anonymous, and therefore uncontrolled. The President reacted in a balanced way -…

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Once in Switzerland, you will find yourself in the capital of the cryptocurrency world in Europe. How legal is crypto-currency in Switzerland? Switzerland is considered one of the most cryptocurrency-friendly countries in Europe. However, few people know how highly developed the crypto industry is in this country. Cryptocurrency in Switzerland has a good regulatory base, which any country can envy. What rights and obligations regarding cryptocurrencies can I count on when I get to Switzerland? We will analyze in more detail in the article. To begin with, it is worth figuring out what status the cryptocurrency has in Switzerland. Compared…

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To crack the most popular cryptocurrency, you need a quantum computer with a capacity of 13 to 317 million qubits If you try to consider the essence of bitcoin in the most understandable way, then this crypto money can be described precisely as a variant of mathematical calculations.  In essence, a cryptocurrency is an algorithm that is continuously calculated. More precisely, calculations in the bitcoin variant are performed up to a given limit, and after that, users will only be able to exchange this cryptocurrency, but will not be able to create it. One way or another, we are talking about the…

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The profitability of bitcoin mining has decreased along with the fall in the rate of the first cryptocurrency. Industry representatives told when the critical moment will come for miners, if the market correction continues On January 30, the bitcoin exchange rate again exceeded $38 thousand. The first cryptocurrency is recovering after last week its price updated the minimum since July 2021 at $32.9 thousand. Despite the growth in recent days, the cryptocurrency continues to trade 45% below the historical maximum of $69 thousand, which was set in November last year. Along with the price of bitcoin, the profitability of mining…

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Mass distribution of cryptocurrencies can lead not only to an increase in the rate of digital currencies, but also to the correlation of the value of such assets with traditional markets . In this regard, bitcoin and altcoins may lose their investment attractiveness. This is stated in a study by the co-head of the currency strategy department at Goldman Sachs, Zach Pandl and his colleague Isabella Rosenberg, which was at the disposal of Bloomberg . Experts argue that cryptocurrency has ceased to be the best hedge against inflation. Due to the ongoing rollback of the cryptocurrency market since November, they call the massive…

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